Civic Intelligence

Cift

990 • Fiscal year 2016 • EIN 34-1565585

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 01, 2017

5555 Airport Highway No 100Toledo, OH 43615

(419) 535-6000

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,289,777

Down $251,655 (-16%) from 2015

Net Assets

Down

$1,089,708

Down $58,582 (-5.1%) from 2015

Liabilities

Down

$200,069

Down $193,073 (-49%) from 2015

Revenue And Expenses

Revenue

Down

$1,714,145

Down $536,987 (-24%) from 2015

Expenses

Down

$1,773,781

Down $452,101 (-20%) from 2015

Net Income

Down

-$59,636

Down $84,886 (-336%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $1,178,153Liabilities 2012: $256,394Net Assets 2012: $921,7592012Assets 2013: $1,286,799Liabilities 2013: $287,394Net Assets 2013: $999,4052013Assets 2014: $1,494,197Liabilities 2014: $376,530Net Assets 2014: $1,117,6672014Assets 2015: $1,541,432Liabilities 2015: $393,142Net Assets 2015: $1,148,2902015Assets 2016: $1,289,777Liabilities 2016: $200,069Net Assets 2016: $1,089,7082016Assets 2018: $1,624,771Liabilities 2018: $326,452Net Assets 2018: $1,298,3192018Assets 2019: $1,690,885Liabilities 2019: $276,659Net Assets 2019: $1,414,2262019Assets 2021: $2,113,347Liabilities 2021: $314,073Net Assets 2021: $1,799,2742021Assets 2022: $2,799,268Liabilities 2022: $773,574Net Assets 2022: $2,025,6942022

Highlighted filing

2016

Assets$1,289,777
Liabilities$200,069
Net Assets$1,089,708

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,293,8172012Expenses 2013: $2,208,1752013Revenue 2014: $2,634,778Expenses 2014: $2,515,301Net Income 2014: $119,4772014Revenue 2015: $2,251,132Expenses 2015: $2,225,882Net Income 2015: $25,2502015Revenue 2016: $1,714,145Expenses 2016: $1,773,781Net Income 2016: -$59,6362016Revenue 2018: $2,768,354Expenses 2018: $2,759,134Net Income 2018: $9,2202018Revenue 2019: $2,919,129Expenses 2019: $2,810,558Net Income 2019: $108,5712019Revenue 2021: $3,199,874Expenses 2021: $3,001,436Net Income 2021: $198,4382021Revenue 2022: $3,625,078Expenses 2022: $3,395,854Net Income 2022: $229,2242022

Highlighted filing

2016

Revenue$1,714,145
Expenses$1,773,781
Net Income-$59,636
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 1, 2017
Return Version
2015v3.0
Gross Receipts
$1,714,605
Mission and Program Overview

Mission

Develop and provide technical innovations and solutions for food processing, agribusiness, and agricultural sectors of the economy in our region, state and beyond.

Develop and provide techical innovations and solutions for food processing, agribusiness, and agricultural sectors of the economy in our region, state and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$838,418$804,232▼ $34,186
Accounts Receivable$460,055$325,157▼ $134,898
Land, Buildings, and Equipment, Net$32,045$64,268▲ $32,223
Prepaid Expenses and Deferred Charges$24,672$39,003▲ $14,331
Cash and Non-Interest-Bearing Accounts$163,628$33,449▼ $130,179
Investments Other Securities$22,614$23,668▲ $1,054
Total Assets$1,541,432$1,289,777▼ $251,655
Liabilities
Accounts Payable and Accrued Expenses$321,475$128,819▼ $192,656
Deferred Revenue$71,667$71,250▼ $417
Total Liabilities$393,142$200,069▼ $193,073
Net Assets / Fund Balance
Unrestricted Net Assets$1,148,290$1,089,708▼ $58,582
Total Net Assets Fund Balance$1,148,290$1,089,708▼ $58,582
Total Liabilities and Net Assets / Fund Balance$1,541,432$1,289,777▼ $251,655

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,268$82,278$146,546
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David BeckPresident & CEOFT$173,739$12,305$186,044
Shari PlimptonVice PresidentFT$102,626$4,637$107,263
Kathy HermillerSecretary & TreasurerFT$87,331$5,894$93,225

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,530,544
Program Service Revenue
$169,486
Investment Income
$8,734
Other Revenue
$5,381
Change in Net Assets
$-59,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,714,605
Revenue Not Reported on Financial Statements
$-460
Revenue Not Reported on Form 990
$1,054
Other Revenue Adjustments
$-460
Total Revenue per Audited Statements
$1,715,659
Total Revenue per Form 990
$1,714,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,059,103
Other Expenses$714,678
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$572,476$74,380-$646,856
Current Officers, Directors, Trustees, and Key Employees$181,765$94,796-$276,561
Occupancy$1,226$112,839-$114,065
Payroll Taxes$55,377$12,098-$67,475
Office Expenses$40,771$14,468-$55,239
Fees for Services Other$20,250$31,897-$52,147
Conferences and Meetings$48,131$3,724-$51,855
Other Employee Benefits$47,040$1,379-$48,419
All Other Expenses$18,764$10,484-$29,248
Depreciation Depletion-$23,585-$23,585
Travel$22,384$933-$23,317
Advertising$22,938$40-$22,978
Pension Plan Contributions$18,164$1,628-$19,792
Other Expenses$18,529$12,078-$12,078
Insurance-$11,832-$11,832
Total Functional Expenses$1,328,661$445,120$0$1,773,781

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,774,241
Expenses per Audited Statements$1,773,781
Total Expenses per Form 990$1,773,781
Expenses Not Reported on Form 990$460
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
William HirzelChairmanAGRICULTURAL INCUBATOR FOUNDATION PAYS CIFT $1,000 PER MONTH TO PERFORM CERTAIN AGREED UPON ADMINISTRATIVE AND OPERATIONAL SERVICES. BILL HIRZEL IS ON THE BOARD OF BOTH ORGANIZATIONS BUT HAS NO VOTING RIGHTS IN TRANSACTIONS THAT INVOLVE BOTH ORGANIZATIONS.No$12,000
William HirzelChairmanCIFT HELPS SUPPORT AGRICULTURAL INCUBATOR FOUNDATION'S KITCHEN THROUGH MONTHLY PAYMENTS. BILL HIRZEL IS ON THE BOARD OF BOTH ORGANIZATIONS BUT HAS NO VOTING RIGHTS IN TRANSACTIONS THAT INVOLVE BOTH ORGANIZATIONS.No$11,978
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members who participate in significant decisions.

Form 990, Part VI, Section A, Line 8B

Minutes were not kept for the executive or finance committees.

Form 990, Part VI, Section B, Line 11

The finance committee reviews the form 990 prior to submission.

Form 990, Part VI, Section B, Line 12C

Employees sign a conflict of interest policy at the time of hire. Board members are asked to sign a statement every year. The policy is monitored through general office communications.

Form 990, Part VI, Section B, Line 15

Annual compensation reviews are performed by the organization's president. President compensation is reviewed annually by the board of directors.

Form 990, Part VI, Section C, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Cift
EIN
34-1565585
Phone
4195356000
Address
5555 AIRPORT HIGHWAY NO 100, TOLEDO, OH 43615

Signing Officer

Name
Rebecca Singer
Title
President & CEO
Phone
4195356000
Signed
2017-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Singer
Formed
1987
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
17
Volunteers
11

Preparer

Firm
Rehmann Robson LLC
Address
7124 W CENTRAL AVE, TOLEDO, OH 43617
Preparer
Kris C Bottles CPA
Phone
4198658118
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process have not changed from the prior tax year.

Financial Statement Notes

PART X, LINE 2:

The center has evaluated any uncertain income tax positions for all open tax years (2013 - 2016) which would impact its nontaxable status or result in unrelated business income tax, and believes there are no uncertain income tax positions of significance that are required to be recorded or disclosed.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses related to rental income

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses related to rental income

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IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01379
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047040
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048419
IRS990/OtherExpensesGrp/Desc0SUBCONTRACTS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2EDUCATION & SEMINARS
IRS990/OtherExpensesGrp/Desc3CONSULTANTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031479
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17480
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212078
IRS990/OtherExpensesGrp/ProgramServicesAmt0220280
IRS990/OtherExpensesGrp/ProgramServicesAmt140566
IRS990/OtherExpensesGrp/ProgramServicesAmt218529
IRS990/OtherExpensesGrp/TotalAmt0251759
IRS990/OtherExpensesGrp/TotalAmt148046
IRS990/OtherExpensesGrp/TotalAmt218529
IRS990/OtherExpensesGrp/TotalAmt312078
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04466
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04466
IRS990/OtherRevenueTotalAmt04466
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074380
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0572476
IRS990/OtherSalariesAndWagesGrp/TotalAmt0646856
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012098
IRS990/PayrollTaxesGrp/ProgramServicesAmt055377
IRS990/PayrollTaxesGrp/TotalAmt067475
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01628
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018164
IRS990/PensionPlanContributionsGrp/TotalAmt019792
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024672
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039003
IRS990/PrincipalOfficerNm0REBECCA SINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING/SEMINARS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0169486
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0169486
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02077324
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03151
IRS990/PYOtherExpensesAmt01047391
IRS990/PYOtherRevenueAmt011485
IRS990/PYProgramServiceRevenueAmt0159172
IRS990/PYRevenuesLessExpensesAmt025250
IRS990/PYSalariesCompEmpBnftPaidAmt01178491
IRS990/PYTotalExpensesAmt02225882
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02251132
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-59636
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0915
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0169486
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0838418
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0804232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01530544
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02077324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02488580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02076902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02239866
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010413216
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06330
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03594
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01779
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019329
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0741259
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04466
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt011902
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt011589
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt011028
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06748
IRS990ScheduleA/OtherIncome170Grp/TotalAmt045733
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99380
IRS990ScheduleA/PublicSupportPY170Pct00.99380
IRS990ScheduleA/PublicSupportTotal170Amt010413216
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01530544
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02077324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02488580
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02076902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02239866
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010413216
IRS990ScheduleA/TotalSupportAmt010478278
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt08250
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0EXPENSES FOR DIRECT CONTACT WITH LEGISLATORS IS FOR MEETINGS WITH STATE OF OHIO LEGISLATOR DIRECTLY OR WITH THEIR STAFF, AND ATTENDANCE AT COMMITTEE MEETINGS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt08250
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt064268
IRS990ScheduleD/EquipmentGrp/DepreciationAmt082278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146546
IRS990ScheduleD/ExpensesNotReportedAmt0460
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01773781
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01054
IRS990ScheduleD/OtherExpensesIncludedAmt0460
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-460
IRS990ScheduleD/RevenueNotReportedAmt01054
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-460
IRS990ScheduleD/RevenueSubtotalAmt01714605
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CENTER HAS EVALUATED ANY UNCERTAIN INCOME TAX POSITIONS FOR ALL OPEN TAX YEARS (2013 - 2016) WHICH WOULD IMPACT ITS NONTAXABLE STATUS OR RESULT IN UNRELATED BUSINESS INCOME TAX, AND BELIEVES THERE ARE NO UNCERTAIN INCOME TAX POSITIONS OF SIGNIFICANCE THAT ARE REQUIRED TO BE RECORDED OR DISCLOSED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES RELATED TO RENTAL INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES RELATED TO RENTAL INCOME
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064268
IRS990ScheduleD/TotalExpensesPerForm990Amt01773781

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